Will the FT-KH consortium take control of TPSA?

An additional zl. 600 million from privatization could be obtained by the State Treasury this year if the France Telecom-Kulczyk Holding (FT-KH) consortium decides to exercise it's right to acquire a 2.5% stake in telecoms giant TPSA. According to Prawo i Gospodarka daily, it is highly possible that the head of FT will discuss this subject during next week's meeting with the Treasury Minister, Wieslaw Kaczmarek. "I do not know if the representatives of the consortium want to buy TPSA shares," the minister said. According to Kaczmarek, France Telecom asked for a meeting without specifying the subject for the talks. The purchase of these shares would mean that the consortium would have a controlling stake in TPSA. It is also possible that FT-KH will want to acquire the Treasury's 18%, stake in TPSA in order to prevent it from transferring these shares to other enterprises controlled by the state. (Prawo i Gospodarka, p. 1) A.K.